Latest news with #RussianBanks
Bloomberg
26-06-2025
- Business
- Bloomberg
Russian Banks Fear Debt Crisis Is Coming as War Strains Economy
Russia's economy faces a worsening outlook that is graver than publicly acknowledged, with a credible risk of a systemic banking crisis in the next 12 months, according to Russian banking officials. Russian banks are increasingly concerned about the level of bad debt on their balance sheets, according to the officials and documents seen by Bloomberg News. They have privately raised the alarm about the number of corporate and retail clients who are failing to make loan payments as they struggle with high interest rates, the people said.
Reuters
28-05-2025
- Business
- Reuters
Russian banks' net profit up 7% m/m in April, central bank says
MOSCOW, May 28 (Reuters) - The net profit of Russian banks rose by 7% in month-on-month terms in April to 261 billion roubles ($3.27 billion), according to data published by the central bank on Wednesday. Corporate lending rose by 0.9% in April compared to March, while consumer lending declined by 0.7%, the central bank said. ($1 = 79.8705 roubles)
